SEC slaps down crypto ETFs, for now

The US Securities and Exchange Commission on Thursday slapped down the possibility of new cryptocurrency exchange traded funds until “significant outstanding questions” were answered with regards to investor protections.

By Costas Mourselas

19 Jan 2018

In an SEC staff letter to trade bodies the Investment Company Institute and Securities Industry and Financial Markets Association, Dalia Blass, the director of the SEC’s division of investment management, acknowledged that there was “interest among sponsors” to offer funds holding the digital currencies.